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News
June 03, 2025
AI boom pressures Korea’s next leader to balance nuclear, renewables
As South Korea heads to the polls on June 3 for its presidential election, the two leading candidates’ positions on energy have drawn attention.
May 15, 2025Denmark reconsiders nuclear ban to strengthen energy security
Denmark’s Energy Minister announced in parliament on May 14 that the government will reassess the feasibility of new nuclear technologies as part of its strategy to bridge gaps in renewable energy supply.
May 13, 2025Vietnam needs electricity pricing reform to unlock offshore wind potential
Vietnam has updated its Power Development Plan VIII (PDP8) to significantly scale up renewable power generation. However, uncertainty around capital and regulatory frameworks continues to deter private sector investment.
April 21, 2025Vietnam identifies over 1,000 GW of wind potential in exclusive economic zone
With over 3,000 kilometers of coastline, Vietnam holds significant potential for wind power generation. On April 18, Vietnamese authorities released a new report estimating the country’s wind power potential within its exclusive economic zone.
April 01, 2025Vietnam’s FIT policy overhaul triggers industry bankruptcy fears
Vietnam’s government is conducting a comprehensive review of its feed-in tariff (FIT) regulations, a move that could significantly cut revenue for some operating renewable energy projects. This has sparked concern among industry players, who have filed a
March 06, 2025Vietnam grants up to 12 years of fee exemptions for green energy projects
The Vietnamese government has introduced a new electricity decree, prioritizing the promotion of power generation projects using renewable energy sources such as solar and wind power, as well as energy storage systems.
February 10, 2025Updated: Vietnam postpones 6 GW offshore wind goal to 2031-2035
Vietnam's offshore wind power development has come to a standstill, as the latest draft revision of the country’s National Power Development Plan 8 (PDP8) extends the 6 GW offshore wind target from 2030 to the 2031–2035 period.
December 11, 2024BP, JERA merge offshore wind businesses to spread investment risk
BP and JERA announced on Dec. 9 that they plan to invest $5.8 billion by the end of 2030 to integrate their respective offshore wind businesses through a joint venture.
November 08, 2024Developers urge 2025 FiT inclusion as Taiwan's floating offshore wind plans face delays
The Ministry of Economic Affairs had initially planned to release a draft for its floating offshore wind farm demonstration program by year's end. However, the timeline may face further delays as discussions over incentive mechanisms continue internally.
October 08, 2024Philippines, Vietnam strive for first offshore wind projects
The Philippines and Vietnam have recently made significant advancements in offshore wind development policies.